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Dow Jones Technical Analysis

Dow Jones Technical Analysis
On the daily chart below for the Dow Jones, we can see that once the market broke above the key resistance at 33538, the price started to consolidate going into Easter Holidays. Another good NFP report gave the buyers momentum to keep charging higher targeting the next strong resistance at 34477. The rally stopped last Friday as a miss across the board in the US Retail Sales report and a hawkish Fed’s Waller weighed on the sentiment. We may now see a bigger pullback if the bad vibes continue to... Read More
Posted: Apr 17 2023, 08:56
Author Name: forexlive
Views: 082061

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